Bank Account Setup
Compare Malaysia's major banks for business account opening — deposits, foreigner eligibility, multi-currency, trade finance, and processing times.
What you'll get
Min deposit & processing times Foreigner eligibility flags Multi-currency & trade finance tags Direct website links
How to use
- Filter All or Foreigner-friendly.
- Open a bank card for requirements & documents.
- Use "Get Matched" to fast-track with a banking partner.
Banks listed
18
Foreigner-friendly
17
Multi-currency
17
Trade finance
18
A
AmBank
AmBank
- Min. Deposit
- RM5,000
- Processing Time
- 5–10 business days
- Opening Requirements
- Incorporation documents, board resolution
- Required Documents
- Certificate of Incorporation, SSM forms, Constitution, Directors' NRIC/Passport, Board Resolution
- Services
- Business banking, trade finance, treasury services, Islamic banking
A
AmBank (M) Berhad
AmBank
- Min. Deposit
- 1000
- Processing Time
- 5-14 business days
- Opening Requirements
- Business registration and valid identification for authorized signatories.
- Required Documents
- SSM documents, board resolution, director IDs, and business profile.
- Services
- Corporate banking, SME financing, and cash management.
B
Bank Islam Malaysia
Bank Islam
- Min. Deposit
- RM1,000
- Processing Time
- 1–2 weeks
- Opening Requirements
- Incorporation documents, board resolution, Shariah compliance declaration
- Required Documents
- Certificate of Incorporation, SSM forms, Constitution, Directors' NRIC/Passport, Board Resolution
- Services
- Islamic business banking, trade finance (Islamic), cash management
R
Bank Rakyat
Rakyat
- Min. Deposit
- RM1,000
- Processing Time
- 1 week
- Opening Requirements
- Incorporation documents, board resolution
- Required Documents
- Certificate of Incorporation, SSM forms, Constitution, Directors' NRIC, Board Resolution
- Services
- Islamic business banking, trade finance, SME financing
Trade Finance Visit Website
C
CIMB Bank
CIMB
- Min. Deposit
- RM3,000 (current account)
- Processing Time
- 5–10 business days
- Opening Requirements
- Incorporation docs, presence of authorized signatories at branch
- Required Documents
- Certificate of Incorporation, Section 14/15/17, Constitution, Directors' NRIC/Passport, Board Resolution
- Services
- Business banking, trade finance, cash management, Islamic banking options
C
CIMB Bank Berhad
CIMB
- Min. Deposit
- 1000
- Processing Time
- 5-15 business days
- Opening Requirements
- Business registration documents and valid identification for authorized signatories.
- Required Documents
- SSM documents, board resolution, director/shareholder IDs, and business profile.
- Services
- Corporate banking, SME financing, cash management, and Islamic banking.
H
HSBC Bank Malaysia Berhad
HSBC
- Min. Deposit
- 5000
- Processing Time
- 20-40 business days
- Opening Requirements
- Strict compliance and due diligence for corporate entities.
- Required Documents
- Certified company registration, beneficial ownership declaration, and proof of business activity.
- Services
- International corporate banking, cash management, and trade finance.
H
Hong Leong Bank
HLB
- Min. Deposit
- RM3,000
- Processing Time
- 1 week
- Opening Requirements
- Incorporation docs, authorized signatories present at branch
- Required Documents
- Certificate of Incorporation, SSM forms, Constitution, Directors' NRIC/Passport, Board Resolution
- Services
- Business current account, trade finance, digital banking, payroll
H
Hong Leong Bank Berhad
HLB
- Min. Deposit
- 1000
- Processing Time
- 5-14 business days
- Opening Requirements
- Business registration and valid identification for authorized signatories.
- Required Documents
- SSM registration, board resolution, director IDs, and proof of business activity.
- Services
- Business current accounts, SME financing, and cash management.
M
Malayan Banking Berhad
Maybank
- Min. Deposit
- 1000
- Processing Time
- 3-14 business days
- Opening Requirements
- Business registration documents, identification for directors/partners, and board resolution.
- Required Documents
- SSM registration, M&A, Form 49/Section 58, director IDs, and proof of business address.
- Services
- Cash management, SME financing, trade finance, and payroll services.
M
Maybank
Maybank
- Min. Deposit
- RM5,000 (current account)
- Processing Time
- 1–2 weeks
- Opening Requirements
- Company incorporation documents, board resolution, director(s) present at branch
- Required Documents
- Certificate of Incorporation, Section 14/15/17 forms, Constitution, Directors' NRIC/Passport, Board Resolution, Company profile
- Services
- Business current account, trade finance, payroll, cash management, merchant services
O
OCBC Bank (Malaysia) Berhad
OCBC
- Min. Deposit
- 500
- Processing Time
- 3-10 business days
- Opening Requirements
- Business registration with SSM; digital onboarding available for specific business types.
- Required Documents
- SSM registration, director IDs, and board resolution.
- Services
- Digital business banking, SME financing, and cash management.
O
OCBC Bank Malaysia
OCBC
- Min. Deposit
- RM10,000
- Processing Time
- 1–2 weeks
- Opening Requirements
- Incorporation documents, beneficial owner declaration, board resolution
- Required Documents
- Certificate of Incorporation, SSM forms, Constitution, Directors' Passport, Board Resolution, Source of funds declaration
- Services
- Business banking, trade finance, multi-currency, wealth management, treasury
P
Public Bank
PBB
- Min. Deposit
- RM3,000
- Processing Time
- 1 week
- Opening Requirements
- Standard incorporation documents, authorized signatories present
- Required Documents
- Certificate of Incorporation, SSM forms, Constitution, Directors' NRIC/Passport, Board Resolution
- Services
- Business current account, trade finance, PB enterprise banking
P
Public Bank Berhad
Public Bank
- Min. Deposit
- 500
- Processing Time
- 7-20 business days
- Opening Requirements
- Business registration and an introducer is often required for new accounts.
- Required Documents
- SSM registration, board resolution, director IDs, and introducer details.
- Services
- Commercial banking, corporate banking, and SME financing.
R
RHB Bank
RHB
- Min. Deposit
- RM5,000
- Processing Time
- 5–10 business days
- Opening Requirements
- Incorporation documents, board resolution, visit branch
- Required Documents
- Certificate of Incorporation, SSM forms, Constitution, Directors' NRIC/Passport, Board Resolution
- Services
- Business banking, trade finance, SME financing, cash management
R
RHB Bank Berhad
RHB
- Min. Deposit
- 500
- Processing Time
- 7-20 business days
- Opening Requirements
- Business registration and an introducer is often required.
- Required Documents
- SSM documents, board resolution, director IDs, and business license.
- Services
- Business banking, corporate banking, and investment banking.
S
Standard Chartered Malaysia
SCB
- Min. Deposit
- RM10,000
- Processing Time
- 1–3 weeks
- Opening Requirements
- Incorporation documents, KYC compliance, beneficial ownership disclosure, board resolution
- Required Documents
- Certificate of Incorporation, SSM forms, Constitution, Directors' Passport, Board Resolution, Source of funds, KYC documents
- Services
- Business banking, trade finance, cash management, FX, treasury, corporate advisory
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